I have occasionally had tiny flecks of what appears to the naked eye to be metallic silver on the emulsion side of a film. It happens rarely, and when it does is only ever one or two flecks on a whole film. The flecks are completely opaque, in that you end up with a white spot on your print. But if you look closely, the flecks are bright silver and embedded in the emulsion. I find you can feel these little particles, and if removed they invariably leave a small hole or defect in the emulsion. Don't know exactly what causes them, but have always assumed that it was some sort of local silver build-up during the development process. Maybe the chemists on this site can shed further light...